Jacobs Solutions Inc. (NYSE:J) Shares Sold by Seelaus Asset Management LLC

Seelaus Asset Management LLC trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,975 shares of the company’s stock after selling 200 shares during the quarter. Seelaus Asset Management LLC’s holdings in Jacobs Solutions were worth $651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in Jacobs Solutions in the 2nd quarter valued at $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions in the third quarter worth about $42,000. LRI Investments LLC acquired a new position in Jacobs Solutions during the first quarter worth about $48,000. Finally, GAMMA Investing LLC boosted its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This trade represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

J has been the subject of several recent research reports. Truist Financial cut their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. StockNews.com downgraded Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Price Performance

J stock opened at $140.01 on Friday. The business’s 50-day moving average is $142.85 and its two-hundred day moving average is $142.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $17.40 billion, a P/E ratio of 27.67, a P/E/G ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is currently 22.92%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.